Day: March 1, 2018

The Extractive Industries Transparency Initiative (EITI) determined Feb. 13 that Kazakhstan has made meaningful progress overall in implementing the EITI Standard. The decision was made based on the validation process conducted by the EITI starting from July 1, 2017. Validation is the EITI’s independent evaluation mechanism that assesses countries against progress made in meeting the ...

Kazakhstan-focused miner Eurasian Resources Group (ERG) plans to more than double aluminum output within three years, easing its dependence on alumina sales to Russia’s Rusal, as part of a $5 billion spending plan, company executives told Reuters. ERG produces 1.5 million tonnes of alumina a year, selling two-thirds to Rusal and smelting the rest into ...

Image Source: rolltrade.ru JSC Vorkutaugol, one of the largest coal mining companies in Russia, owned by PJSC Severstal, has begun the installation of a multifunctional security system at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. In December 2017, components of the security system Strata, developed in Russia, Kazakhstan, the United States and South Africa, were ...

Platinum group metals were the hardest hit on generally weak precious metals markets Tuesday after a German court ruled that cities in Europe’s largest economy and world’s fourth largest automaker have the right to ban diesel cars. The price of platinum were back in triple digit territory on New York futures markets on Wednesday falling ...

Kazakhstan, the world’s leading uranium producer, and China, the prospective global leader in nuclear-based power generation, are looking to benefit from mutual energy cooperation in the foreseeable future. Air quality, especially in major industrial agglomerates, along with strong dependence on oil, and rapidly growing electricity consumption remain China’s formidable energy challenges. However, for the last ...

AK Alrosa PAO (ALRS.ME) are under the spotlight as the Chikou span line has crossed above the Tenkan line. The Ichimoku signals, indeed all Ichimoku elements, should never be taken in isolation, but considered in the context of the overall chart. Ichimoku Kinko Hyo is a visual technical analysis system and the charts are designed to ...

This new research report that entirely centers “Global Underground Mining Equipment Market” is an exhaustive analysis of driving forces, driving risks, Underground Mining Equipment business opportunities, threats and challenges involved in Underground Mining Equipment market. It offers decisive specks of the Underground Mining Equipment market such as major leading players, market size over the forecast ...

FILE PHOTO: President of En+ Group, Oleg Deripaska attends an agreement-signing ceremony with the Krasnoyarsk region’s government, in Moscow, Russia December 12, 2017. REUTERS/Sergei Karpukhin/File Photo Two of Russia’s richest men could trigger a complicated auction known as a “shootout”, in a bid to end their long-running battle for control of mining giant Norilsk Nickel ...

Situated in the southern Gobi desert of Mongolia, about 550 km. south of the capital, Oyu Tolgoi is one of the largest high-grade copper deposits in the world. (Image courtesy of Oyu Tolgoi LLC..) The Oyu Tolgoi copper and gold mine in Mongolia’s southern Gobi Desert will lift force majeure effective March 1 and majority ...

According to the World Gold Council primary gold production hit another record in 2017 after nine years of growth in output, albeit at a much slower pace. Global gold production totalled roughly 105m troy ounces in 2017. Output is up 525 tonnes or nearly 17m ounces since the start of the decade. The top 10 ...

Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralysed a historic drilling project. Exxon’s decision to quit its biggest exploration region was made late last year as the US expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects it ...

Mongolia’s Constitutional Court ruled on Wednesday that Mongolian Copper Corporation (MCC) never had the right to 49% of one of Asia’s biggest copper mines, supporting an earlier resolution by the government to buy back the stake. The ownership battle is set against the backdrop of miners scouring the globe for new copper terrain as reserves ...